Main Post

Porter • Chesterton •Pines

Rates on this Rate Sheet are effective from November 14th through November 20th, 2018

APY - Annual Percentage Yield. (This Rate Sheet may be used as an insert to our Truth-in-Savings Disclosure)

Traditional Certificates of Deposit (C.D.)

Term

Min Balance to Open/Obtain APY

Interest Rate

APY

Term

Tier 4

Tier 3

Tier 2

Tier 4

Tier 3

Tier 2

Tier 4

Tier 3

Tier 2

Jumbo C.D’s (Tier 1 Balance $100,000 or greater) Rates/APY. Subject to Early Withdrawal Penalty: A penalty may be imposed for early withdrawal. See disclosure for details.

6 Mos

$1,000

$10,000

$25,000

0.40%

0.45%

0.50%

0.40%

0.45%

0.50%

1 Year

$1,000

$10,000

$25,000

0.75%

0.80%

0.85%

0.75%

0.80%

0.85%

2 Year

$1,000

$10,000

$25,000

1.10%

1.15%

1.20%

1.10%

1.15%

1.21%

3 Year

$1,000

$10,000

$25,000

1.25%

1.30%

1.35%

1.26%

1.31%

1.36%

4 Year

$1,000

$10,000

$25,000

1.35%

1.40%

1.45%

1.36%

1.41%

1.46%

2 Year Second Chance CD

Term

Min Balance to Open/Obtain APY

Interest Rate

APY

2 Year

$1,000

1.15%

1.15%

Individual Retirement Accounts I.R.A.)

Jumbo I.R.A.'s (balance $100,000 or greater) Rates/APY's available upon request. Subject to Early Withdrawal Penalty: A penalty may be imposed for early withdrawal. See disclosure for details.

182 Day

$1,000

$1,000

.65%

.65%

18 Month*

$25

$25

.80%

.80%

30 Month

$500

$500

1.70%

1.71%

48 Month

$500

$500

1.85%

1.86%

Checking and Savings Accounts

*=Variable rate account. Rate may change after the account is opened.
We use the Daily Balance Computation Method to calculate interest in your account. This method applies a daily periodic rate to the principal in the account each day. The APY assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Checking & Savings Accounts

Minimum Balance to Open

Obtain APY

Int Rate

APY

Money Market*

$2,500

-0-

.05%

.05%

Health Savings Acct*

$100

$1,000

.10%

.10%

Elite Checking*

$500

Tier 1

$1,000 - 9,999

.02%

.02%

Tier 2

$10,000 - 24,999

.04%

.04%

Tier 3

$25,000 - up

.07%

.07%

Everyday Svg.*

$100

-0-

.09%

.09%

Elite Savings*

Tier 1

$24,999.99 and under

.05%

.05%

Tier 2

$25,000.00 - $99,999.99

.25%

.25%

Tier 3

$100,000.00 and over

.35%

.35%

Jumbo Traditional Certficates of Deposit (C.D.)

Term/Type

Min Balances to Open Acct. and Obtain APY/Tier 1

Interest Rate

APY

6 Months

$100,000

0.55%

0.55%

1 Year

$100,000

0.90%

0.90%

2 Year

$100,000

1.25%

1.26%

3 Year

$100,000

1.40%

1.41%

4 Year

$100,000

1.50%

1.51%

Second Chance

$100,000

1.30%

1.31%

Jumbo Individual Retirement Accounts (I.R.A.)

* Variable rate account. Rate may change after account is opened.Subject to Early Withdrawal Penalty: a penalty may be imposed for early withdrawal. See disclosure
We use the Daily Balance Computation Method to calculate interest in your account. This method applies a daily periodic rate to the principal in the account each day. The APY assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

182 Day IRA

$100,000

0.80%

0.80%

18 Month – Variable*

$100,000

0.95%

0.95%

30 Month

$100,000

1.85%

1.86%

48 Month

$100,000

2.00%

2.02%

Renewing No Penalty Certificates of Deposit

Balance

Interest Rate

A.P.Y.

Term

Tier 4

Tier 3

Tier 2

Tier 1

Tier 4

Tier 3

Tier 2

Tier 1

Tier 4

Tier 3

Tier 2

Tier 1

7-31 Day

$1,000

$10,000

$25,000

$100,000

0.05%

0.10%

0.15%

0.20%

0.05%

0.10%

0.15%

0.20%

91 Day

$1,000

$10,000

$25,000

$100,000

0.05%

0.10%

0.15%

0.20%

0.05%

0.10%

0.15%

0.20%

182 Day

$1,000

$10,000

$25,000

$100,000

0.30%

0.35%

0.40%

0.45%

0.30%

0.35%

0.40%

0.45%

1 Year

$1,000

$10,000

$25,000

$100,000

0.37%

0.42%

0.47%

0.52%

0.37%

0.42%

0.47%

0.52%

2 Year

$1,000

$10,000

$25,000

$100,000

0.47%

0.52%

0.57%

0.62%

0.47%

0.52%

0.57%

0.62%

3 Year

$1,000

$10,000

$25,000

$100,000

0.57%

0.62%

0.67%

0.72%

0.57%

0.62%

0.67%

0.72%

4 Year

$1,000

$10,000

$25,000

$100,000

0.67%

0.72%

0.77%

0.82%

0.67%

0.72%

0.77%

0.82%

First Mortgage/Refinance - Principal Residence

$475.00 Application fee due upon formal request

APR=Annual Percentage Rate. Rates are subject to change. All payment examples and APRs are based on $175,000 loan amounts, with 20% down payment. Property insurance required. Flood insurance may be required. Payment examples do not include amounts for taxes and insurance. Jumbo Loans $425,000 and over call Bank for Rates and Fees.

15 Year Fully Amortized

Interest Rate: 5.07% APR: 5.16%

20 Year Fully Amortized

Interest Rate: 5.17% APR: 5.24%

20 Year Amortization with 10 Year Balloon

Interest Rate: 5.12% APR: 5.21%

30 Year Amortization with 10 Year Balloon

Interest Rate: 5.22% APR: 5.30%

HELOC-Home Sweet Equity

No Application Fees

No Closing Costs

5 Year Draw / 10 Year Repayment

Rates starting at 5.75%

$50 Annual Fee

*HELOC-Home Equity Line of Credit. The APR is variable and is based upon an index plus a margin. The APR will vary with Prime Rate (the index) as published in the Wall Street Journal. The margin will range from .50%-1.00% depending on the amount of the line of credit. The Rate will not vary above 18% or below 3.75%. Loans are subject to Credit Approval and Program guidelines. Wall Street Journal Prime-5.25% as of September 27, 2018.

Rates are accurate as of November 14, 2018, and subject to change at any time.

Contact Porter Bank's Loan Department at 219-926-2136 for the most current rates and fees.

To access this website your Internet Explorer needs to be updated.

To get the best possible experience and added internet security using our website, we require you to upgrade your current web browser or install another web browser. A list of the most popular web browsers can be found below.

Just click on the icons to get to the download page.Please note: These links will navigate you away from our domain.
We are not responsible for and have no control over the content or subject matter of these external links.